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BlackRock, Inc. (NYSE:BLK) is selling $2.5 billion in bonds to fund its $3.2 billion acquisition of private-markets data company Preqin. The bond sale is being led by Bank of America, JPMorgan Chase, Morgan Stanley, and Wells Fargo. The acquisition is expected to close by the end of the year.

Portfolio Pulse from Michael Juliano

July 17, 2024 | 7:58 pm

CNHI

Hemisphere GNSS has been acquired by CNH Industrial in 2023. Additionally, Hemisphere GNSS will pay $2.6 million to settle False Claims Act allegations related to the Paycheck Protection Program.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 7:40 pm

SDST

Stardust Power Inc. (NASDAQ: SDST) shares surged by 148% following its debut on the Nasdaq Global Market after a business combination with Global Partner Acquisition Corp II. The company focuses on lithium production, aligning with U.S. national security priorities and benefiting from state and federal incentives.

Portfolio Pulse from Vaishali Prayag

July 17, 2024 | 7:32 pm

AEHR

Aehr Test Systems (NASDAQ:AEHR) shares surged by 23.7% following strong fiscal Q4 2024 results and optimistic FY25 guidance. The company reported net revenue of $16.6 million and non-GAAP net income of $0.84 per share, both beating estimates. Aehr projects FY25 revenue of $70 million, surpassing the consensus estimate. The company also highlighted its success in the silicon carbide power semiconductor market and announced the acquisition of Incal Technology.

Portfolio Pulse from Vaishali Prayag

July 17, 2024 | 7:25 pm

ADTX

Aditxt shares are trading higher following the announcement that the company and Evofem have amended and restated their merger agreement.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 6:49 pm

VFC

VF Corporation (NYSE:VFC) shares are trading higher after announcing the sale of its Supreme brand to EssilorLuxottica for $1.5 billion in cash. The sale is expected to be dilutive to VF's earnings per share in fiscal year 2025. Supreme contributed $538 million in revenue and $166 million in operating income during VF's 2024 fiscal year. VF shares are moving above their 50-day moving average, and the company is set to report its first-quarter 2025 results on Aug. 6.

Portfolio Pulse from Erica Kollmann

July 17, 2024 | 6:28 pm

JNJ

Johnson & Johnson (NYSE:JNJ) reported strong Q2 results with a 4.3% YoY topline growth to $22.45 billion, surpassing expectations. The medtech and innovative medicine divisions showed significant progress, although one-time charges impacted net earnings. J&J raised its full-year operational sales guidance but lowered EPS guidance due to acquisition costs.

Portfolio Pulse from Upwallstreet

July 17, 2024 | 6:05 pm

ADTX

Aditxt (NASDAQ:ADTX) shares are trading higher after the company amended its merger agreement with Evofem, addressing financing needs and substituting cash for stock. The merger aims to close by the end of September, subject to conditions.

Portfolio Pulse from Dylan Berman

July 17, 2024 | 5:48 pm

KRO

Kronos Worldwide, Inc. (KRO) has acquired the remaining 50% joint venture interest in Louisiana Pigment Company for $185M, amended its $225M revolving credit facility to $300M, and decreased its quarterly dividend from $0.19 to $0.05 per share.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 4:29 pm

SWONF

Apax, Bain, and CVC are exploring potential bids for SoftwareOne, according to sources. This could lead to significant changes in the company's ownership and strategic direction.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 4:13 pm